Rakuten sees ringgit strengthening to 4.2, 4.3 against USD by year-end


KUALA LUMPUR: The ringgit is expected to strengthen to around the 4.2000/3000 range against the US dollar (USD) by the end of the year on the back of expected "easing trends” in the United States (US), according to Rakuten Trade Sdn Bhd.

Its head of research Kenny Yee Shee Phin noted that the United States remains the epicentre of global market volatility amid the ongoing worldwide battle against inflation.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Jinhua – a trading hub without borders
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Watts from water
AI disruption fears rock markets
Smart city can’t beat the traffic
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read